Coinbase Exits Turkey’s Crypto Market Amid Regulatory Shifts
Coinbase has decided to exit Turkey’s crypto market and is liquidating its local operations after withdrawing its application with the country’s financial regulator.
Reports indicate that the move comes just three months after the company submitted a pre-application to operate in Turkey.
Coinbase Wants to Avoid Regulatory Challenges in Turkey’s crypto market
According to local reports in Turkey, the Capital Markets Board updated its liquidation list last week. The list shows Coinbase’s withdrawal and subsequent filing for liquidation.
Alongside Coinbase, 14 companies have filed for liquidation, while 77 firms remain in the application process. Crypto platforms such as Binance, KuCoin, and OKX are included…
